Economics

Economics

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conversableeconomist.com/2026/10/12/1974-when-both-nobel-economists-proposed-abolishing-the-prize

1974: When Both Nobel Economists Proposed Abolishing the Prize

Two of the economics Nobel's own laureates thought the prize should never have existed. In his 1974 banquet speech Hayek warned it hands economists "an authority which in economics no man ought to possess," while Myrdahl later said he'd skip meetings on the award altogether.

— via Conversable Economist, conversableeconomist


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